GLENEALY Plantations (M) Bhd subsidiary Timor Enterprises Sdn Bhd has entered into an agreement with Samling Reforestation (Bintulu) Sdn Bhd (SRB) for the transfer of licence relating to a planted forest in Bintulu, Sarawak, for RM11.49mil cash.
The licence has a tenure of 60 years, from Dec 8, 1998, to Dec 7, 2058, with an unexpired tenure of 55 years,'' Glenealy told the KLSE.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!